Company Valuation: HEICO Corporation

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,759 19,315 19,279 29,515 38,342 42,320 - -
Change - 8.76% -0.18% 53.1% 29.9% 10.38% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 44,274 43,288 42,131
Change - 8.83% 10.9% 46.31% 27.58% 9.88% -2.23% -2.67%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 60x 53x 46.7x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 9.76x 8.54x 7.5x
PEG - 4.1x 3.9x 2.6x 1.9x 2.6x 4x 3.4x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 8.04x 7.29x 6.71x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 8.41x 7.45x 6.68x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 30x 26.4x 23.6x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 35.4x 31x 27.5x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 47.6x 38.6x 34.6x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.1% 2.59% 2.89%
Dividend per Share 2 0.18 0.18 0.2 0.21 0.23 0.2486 0.2703 0.2926
Rate of return 0.13% 0.11% 0.13% 0.09% 0.07% 0.07% 0.07% 0.08%
EPS 2 2.21 2.55 2.91 3.67 4.9 6.052 6.858 7.787
Distribution rate 8.14% 7.06% 6.87% 5.72% 4.69% 4.11% 3.94% 3.76%
Net sales 1 1,866 2,208 2,968 3,858 4,485 5,265 5,807 6,305
EBITDA 1 485.9 593.2 758.3 1,002 1,220 1,478 1,642 1,787
EBIT 1 392.9 496.8 625.3 824.5 1,019 1,250 1,395 1,534
Net income 1 304.2 351.7 403.6 514.1 690.4 849.9 960.6 1,084
Net Debt 1 128.2 150.8 2,307 2,067 1,950 1,954 968.1 -189.2
Reference price 2 139.39 162.64 158.41 244.95 317.77 363.44 363.44 363.44
Nbr of stocks (in thousands) 135,384 136,592 138,187 138,598 139,206 139,738 - -
Announcement Date 15/12/21 19/12/22 18/12/23 17/12/24 18/12/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.64x3.84x17.57x1.21% 162B
54.94x12.04x37.7x0.18% 114B
37.34x9.94x19x1.27% 73.16B
48.03x7.15x31.86x0.14% 26.92B
20.6x2.14x11.24x1.28% 21.98B
157.18x - - - 13.62B
25.6x1.84x13.23x-.--% 10.03B
45.27x - - - 7.89B
53.9x3.48x18.1x - 4.86B
Average 52.95x 5.77x 21.24x 0.68% 48.32B
Weighted average by Cap. 44.22x 7.26x 23.89x 0.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation HEICO Corporation